Today is a good 'sign' to add-on more positions...Originally Posted by ;
Trailing stop is the upper group of the PAC ...1.7086
Today is a good 'sign' to add-on more positions...Originally Posted by ;
Trailing stop is the upper group of the PAC ...1.7086
Originally Posted by ;
USDCAD Week 19 H4 narrow range,
Is the breakout? There's no 100%, but the probability is there.
On the D1, I visit possible to hit the area between 1.2950 and 1.3040. But we've got MN resistance zone to take into account.
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Hello Emm,Originally Posted by ;
That APB/HA histogram in window 2 is fine since it allows us to see the Jap Candles correctly and gives the HA view below! Can you share this indior please through a PM?
Cheers!
Average Price Bar APB/HA HistogramOriginally Posted by ;
see old article#50,748
USDCAD Week 19 May 08 H4 transactions:Originally Posted by ;
captured the breakout and 100pips with 4 open positions.
anybody else took that commerce?
Yes I did. Similar result.Originally Posted by ;
I should have had about four entrances rather than the first two. But I had switched profiles and when going back to my own trading profile forgot to check the autotrade button was enabled. So not perfect.
Nice ch, Emm! But surely you supposed WCC on the film, not WRB.Originally Posted by ;
There's still another 100 pips move to capture today... when that WRB with 'hidden gems'get stuffed.Originally Posted by ;
Lt;aim the area between 1.2950 and 1.3040gt; at the D1 chart
you are right that's a WCC seen only in the Weekly charts.
But with WRB, we see them in each chart timeframe from Monthly, Weekly, Daily H4, H1, down to M15 and M1. People WRB with 'hidden jewels' are great to trade.
Example is the H4 WRB after the breakout. That WRB can lead to price fall back today before it decides what to do.
Recall these five famous quotes from the late Mark Douglas :
1. Anything could happen.
2. You do not need to understand what's going to happen next in order to generate money.
3. There's a random distribution between wins and losses for any given pair of factors that define an edge.
4. An advantage isn't anything more than a sign of a higher probability of one thing happening over another.
5. Every moment on the market is unique.
Five great reasons when one loses his money trading retail place forex.
Keep It Easy:
Just examine the candles, and ask - are the candles big or small at the last change.
Assess - what's the short-term trend, what's the long-term trend.
Assess - is price at a consolidation or near a consolidation.
Good Trading,
we've EURAUD exit HA candle if D1 May 08 closed.Originally Posted by ;
EURUSD and EURJPY still going strong with fairly good promotion momentum. .
EURUSD caution with yesterday D1 WRB and look closely at the TDI PL and VB respsonse to this price action.
EURJPY - as long as USDJPY stays in very narrow range trading, EURJPY and AUDJPY and GBPJPY can see lower lows.
EURCAD and EURNZD lost the majority of it selling momentum yesterday and we observe closely the way that it will trade now. Tightening trailing stop is what I shall do.
Don't Overtrade, remember I pick only 1 pair from each of the five groups from my 20 pairs.